Can I retire at age 64 with 579,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$47,813$47,387$46,972$46,566$46,170$45,803
2 years$23,670$23,229$22,802$22,388$21,986$21,615
3 years$15,623$15,180$14,754$14,344$13,949$13,587
4 years$11,601$11,159$10,737$10,334$9,948$9,598
5 years$9,188$8,749$8,333$7,938$7,563$7,224
6 years$7,580$7,144$6,734$6,348$5,984$5,658
7 years$6,431$6,000$5,596$5,219$4,867$4,554
8 years$5,571$5,143$4,746$4,378$4,037$3,737
9 years$4,902$4,478$4,088$3,729$3,400$3,113
10 years$4,367$3,947$3,564$3,214$2,897$2,623
11 years$3,929$3,514$3,137$2,798$2,491$2,230
12 years$3,565$3,154$2,784$2,454$2,159$1,909
13 years$3,257$2,850$2,488$2,166$1,883$1,645
14 years$2,993$2,591$2,235$1,923$1,650$1,424
15 years$2,765$2,367$2,018$1,715$1,453$1,239
16 years$2,565$2,171$1,830$1,536$1,284$1,081
17 years$2,389$2,000$1,665$1,380$1,139$946
18 years$2,233$1,848$1,520$1,243$1,013$830
19 years$2,093$1,713$1,391$1,124$902$730
20 years$1,968$1,591$1,277$1,018$806$643
21 years$1,854$1,482$1,175$924$721$568
22 years$1,751$1,384$1,082$840$647$502
23 years$1,658$1,294$999$765$580$444
24 years$1,572$1,212$924$697$522$393
25 years$1,493$1,138$856$637$469$349
26 years$1,420$1,069$794$582$423$310
27 years$1,353$1,006$737$533$381$275
28 years$1,290$948$685$488$344$244
29 years$1,233$895$638$448$311$217
30 years$1,179$845$594$411$281$194
31 years$1,128$799$554$378$254$172
32 years$1,081$756$517$347$230$153
33 years$1,037$716$483$319$208$137
34 years$995$678$451$294$188$122
35 years$956$643$422$270$170$109
36 years$920$611$394$249$154$97
37 years$885$580$369$229$140$86
38 years$852$551$346$211$127$77
39 years$821$524$324$195$115$69
40 years$792$499$304$180$104$61
41 years$764$475$285$166$95$55
42 years$737$452$267$153$86$49
43 years$712$431$251$141$78$44
44 years$688$411$235$130$71$39
45 years$665$392$221$120$64$35
46 years$643$374$207$111$58$31
47 years$622$356$195$103$53$28
48 years$603$340$183$95$48$25
49 years$584$325$172$88$44$22
50 years$565$310$162$81$40$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $579,000, adding $3,349 every year, while hoping to spend $42,850 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 79/11/10 Blend
63$579,000$579,000$579,000$579,000
64$641,512$610,825$601,851$690,864
65$661,355$595,164$576,421$708,084
66$681,785$577,299$548,703$721,072
67$702,817$557,077$518,575$734,067
68$724,467$534,336$485,909$747,051
69$746,749$508,904$450,573$760,004
70$769,677$480,601$412,428$772,902
71$793,268$449,234$371,328$785,722
72$817,534$414,600$327,120$798,437
73$842,492$376,484$279,648$811,020
74$868,154$334,660$228,745$823,438
75$894,536$288,888$174,238$835,660
76$921,650$238,916$115,946$847,650
77$949,510$184,474$53,682$859,367
78$978,128$125,281$0$870,771
79$1,007,515$61,038$0$883,178
80$1,037,683$0$0$901,379
81$1,068,642$0$0$920,646
82$1,100,399$0$0$947,988
83$1,132,962$0$0$976,022
84$1,166,337$0$0$1,004,753
85$1,200,527$0$0$1,034,183
86$1,235,534$0$0$1,064,314
87$1,271,358$0$0$1,095,145
88$1,307,994$0$0$1,126,671
89$1,345,435$0$0$1,158,888
90$1,383,673$0$0$1,191,786
91$1,422,693$0$0$1,225,352
92$1,462,476$0$0$1,259,570
93$1,502,999$0$0$1,294,420
94$1,544,233$0$0$1,329,874
95$1,586,143$0$0$1,365,903
96$1,628,686$0$0$1,402,469
97$1,671,812$0$0$1,439,527
98$1,715,462$0$0$1,477,027
99$1,759,568$0$0$1,514,908
100$1,804,051$0$0$1,553,100